Global Alternative Data Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends

The alternative data market consists of sales of alternative data by entities (organizations, sole traders, and partnerships) that provide alternative data and helps in finding out the market insight. Alternative data is characterized as non-traditional data that can give an indicator of a firm future performance other than conventional sources such as corporate filings, analyst predictions, and management instructions. This information can be utilized in pre-trade investment evaluation as well as to assist investors in monitoring the financial health of a firm, industry, or nation.

Global Alternative Data Market Size And Drivers:

The global alternative data market is expected to grow from $1.70 billion in 2020 to $2.41 billion in 2021 at a compound annual growth rate (CAGR) of 41.4%. The change in growth trend is mainly due to the growing demand for alternative data sources owing to the growing interest in stock market trading. The alternative data market is expected to reach $8.98 billion in 2025 at a CAGR of 39%. The rising demand for alternative data from hedge funds is expected to propel the growth of the alternative data market in the coming years.

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Trends In The Global Alternative Data Market

The launch of next-generation platforms has emerged as a key trend in the alternative data market. Major companies operating in the alternative data sector are focusing on introducing next-generation platforms to deliver new and timely insights to researchers, analysts, and businesses. For instance, in October 2020, ESG Data Services Inc., a Canada-based alternative data provider launched the next generation AI-powered ESG data, research, and analytics platform-ESG Analytics. ESG Analytics is an API and web-based solution that uses artificial intelligence (AI) and broad-based alternative data sources to uncover opportunities and risks in social, environmental, and governance practices of companies, ETFs, and countries. Moreover, for investors going beyond the surface details that everyone else uses, ESG Analytics opens them to a world of deep and relevant analysis.

Global Alternative Data Market Segments:
The global alternative data market is further segmented based on data type, industry and geography.
By Data Type: Credit And Debit Card Transactions, Email Receipts, Geo-location (Foot Traffic) Records, Mobile Application Usage, Satellite And Weather Data, Social And Sentiment Data, Web Scraped Data, Web Traffic
By Industry: Automotive, BFSI, Energy, Industrial, IT And Telecommunications, Media And Entertainment, Real Estate And Construction, Retail, Transportation And Logistics
By Geography: The global alternative data market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the alternative data market in 2020.

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Alternative Data Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides alternative data market overviews, analyzes and forecasts market size and growth for the global alternative data market, alternative data market share, alternative data market players, alternative data market segments and geographies, alternative data market’s leading competitors’ revenues, profiles and market shares. The alternative data market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.